WATPAC SECURES $50M GOVERNMENT DEAL

Written on the 30 March 2015

WATPAC SECURES $50M GOVERNMENT DEAL

WATPAC Limited (ASX:WTP) has finalised a $50 million contract with state government, for the managing services of the new Queensland State Velodrome in Brisbane.

The construction firm has been working with Queensland Government the past few months to reach an agreement for the stage two delivery of the project.

Stage one commenced in October last year, including finalising design details and early preparation works at the Sleeman Sports Complex in Chandler.

Watpac managing director Martin Monro says the deal was a major coup for the company.

"Watpac is proud to be building this world class facility which will be used by some of the world's leading cyclists," Monro says.

"The team has made great progress on site and we look forward to continuing our work with the Queensland Government to deliver this exciting piece of sporting infrastructure."

The new velodrome will feature a world-class timber track and streamlined roof design to combat weather conditions of the existing outdoor facility, which was built for the 1982 Brisbane Commonwealth Games.

The design concept includes mixed use sport courts, function spaces and a café.

"Watpac has a strong reputation for delivering high quality sport facilities across Australia and we are pleased to be continuing this tradition with a venue which will become an important legacy for the Queensland cycling community," Monro says.

Construction on the new velodrome is expected to be completed in mid-2016.


Latest News

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

IOT GROUP ORDERS FIRST PRODUCTION OF ROVA DRONE

IOT Group (ASX:IOT) has ordered production of 40,000 units of the ROVA flying selfie drone from Chinese technologies ...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter